the ability of a consumer to obtain goods or services before payment, based on an agreement to pay later
What is credit
the ownership of a fraction of a corporation
What is a stock
Something that brings you value.
What is an asset?
Disney World, American Airlines.
What are two stocks you can invest in right now?
You should invest in yourself by saving when you receive this.
When you receive a pay check, who/what should be paid first?
A card used to make a transaction, which you have the ability to pay at a later time.
What is a credit card?
The ownership of land or property
What is real estate?
Something that does not bring you value
What is a liability?
this can unlock many savings and benefits, including access to loans and credit cards
Why is it important to have good a good credit score?
This is paid to shareholders in the form of additional shares in the company, rather than as cash.
What is a dividend?
What are examples of liabilities?
When your expenses are more than your income.
What is debt